As reported by the Federal Statistical Office, in November 2007, the index of import prices increased by 3.5% from the corresponding month of the preceding year. This was the highest year-on-price increase since September 2006 (+3.7%). In October and in September 2007 the annual rates of change were +2.3% and +1.3%, respectively.
The index of import prices, excluding crude oil and mineral oil products, was 0.4% below the level of November 2006. The rise of the annual rate of change is partially due to a base level effect: The 0.4% price decline observed for November 2006 compared with October 2006 leads to a higher year-on-year rate of change in November 2007.
From October to November 2007 the index of import prices rose by 0.7%.
The index of export prices increased 1.2% in November 2007 from the corresponding month of the preceding year. In October and in September 2007 the annual rate of change was +1.3% and +1.6, respectively. From October to November 2007 the index did not change.
Federal Statistical Office Germany
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